Dascher, Kristof(University College Dublin. School of Economics, 2000-05)
Typically, a small and open economy trades goods at given world prices. Here, we present a model of a very open small economy, where capital and labor are internationally mobile, too. When investing into infrastructure, ...
Walsh, Brendan M.(University College Dublin. School of Economics, 1998-01)
This paper reviews previous research on Irish unemployment. It examines the reasons for the persistence of high unemployment and the relevance of the concept of a time-varying rate of "equilibrium" unemployment in a small ...
Barry, Frank(University College Dublin. School of Economics, 2001-03)
For a given degree of wage stickiness, there is an inverse relationship between the price-level and employment effects of a nominal shock. Various contributors to the literature on optimal currency areas have extrapolated ...
The benefits of openness to trade are well established, but the disadvantages of openness are less well understood. At the firm level trade is the principal source of exposure to exchange rate movements, and exchange ...